Parliament has approved a GH¢68.1 billion mini-budget, officially termed the “Expenditure in Advance of Appropriation.”
The Finance Minister, Mohammed Amin Adam indicated that the financial plan is designed to fund government operations during the first quarter of 2025, ensuring continuity in essential services and programs as the nation transitions into a new fiscal year.
The “Expenditure in Advance of Appropriation” framework allows the government to meet urgent and recurring expenditures, including public sector wages, debt servicing, and critical social interventions, while the full budget for the year is debated and finalized.
Key Features of the Mini Budget
- Total Allocation: GH¢68.1 billion, covering administrative, economic, and social sector needs.
- Focus Areas: Salaries for public servants, health and education services, and national security operations.
- Economic Stability: The budget seeks to stabilize the economy as Ghana continues to recover from fiscal pressures and global economic challenges.
The approval followed extensive deliberations in Parliament, with minority MPs raising concerns over transparency and efficiency in resource allocation. Despite these reservations, the budget secured the majority vote necessary for passage.
The Ministry of Finance has assured citizens that the allocation will be managed prudently, emphasizing the importance of maintaining essential services and supporting economic recovery efforts.
